Casa Systems Inc reports results for the quarter ended in September - Earnings Summary

Casa Systems

04/11/2022 02:18

* Casa Systems Inc  CASA.OQ  reported a quarterly adjusted
loss
of 29 cents​​ per share for the quarter ended in September. The
mean expectation of four analysts for the quarter was for a loss
of 3 cents per share.
    * Revenue fell 32.6% to $66.90 million from a year ago;
analysts
expected $83.32 million. 
    * Casa Systems Inc's reported EPS for the quarter was a loss
of 33
cents​.
    * The mean earnings estimate of analysts had risen by
about 16.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Casa Systems Inc shares had fallen by 1.9% this
quarter and
lost 45.9% so far this year.
    * The company reported a quarterly loss of $31.16 million.
    * Wall Street's median 12-month price target for Casa
Systems Inc
is $7.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
4 at 02:18 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.03          -0.29          Missed
 Jun. 30 2022      -0.12          -0.15          Missed
 Mar. 31 2022      0.00           -0.35          Missed
 Dec. 31 2021      0.05           0.07           Beat